City
Epaper

Hyundai, Kia's US sales fall 11% amid chip shortage

By IANS | Updated: August 3, 2022 09:55 IST

Seoul, Aug 3 Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United ...

Open in App

Seoul, Aug 3 Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier amid the prolonged global chip shortage.

Hyundai, its independent Genesis brand, and Kia sold 128,283 vehicles in the world's most important automobile market in July compared with 143,779 units a year ago, according to the companies' sales data.

Hyundai's sales declined 11 per cent to 60,631 units last month from 68,500 a year ago.

Kia's were also down 11 per cent to 62,449 from 70,099 during the same period, reports Yonhap news agency.

But Genesis' sales rose 0.4 percent to 5,203 units from 5,180 during the same period.

From January to July, the carmakers' sales in the U.S. fell 12 percent to 831,158 autos from 948,723 during the same period of last year, the data showed.

Late last month, Hyundai Motor named a new chief executive for its US operations.

Hyundai promoted Randy Parker to be CEO of Hyundai Motor America.

He will be in charge of Hyundai's commercial automotive operations in the US market.

Parker will report to Jose Munoz, president and CEO of Hyundai Motor America.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Randy ParkerJose munozseoulUnited StatesHyundai MotorKIAThe statesEuaFar-westSuaUnited states stateKia corporation
Open in App

Related Stories

MaharashtraReligion Is One Consideration In Custody Cases, But Child Welfare Is Primary Factor: Bombay High Court

InternationalUS Visa Waiver Program: Can Indian Passport Holders Enter the US Without Visa? Citizens of 41 Countries Get Free Entry

OpinionsWill the Trump Card work Against China?

Business38% Fall In Gold Prices Over The Next 5 Years: Market Experts Predict Steep Decline Ahead?

OpinionsWhat do America’s Actions Mean?

Technology Realted Stories

TechnologyIIT Madras launches 2 indigenously developed silicon photonics products

TechnologySmartphone sales up 3 pc globally in Q1, average selling price grows 1 pc

TechnologyOutlook for rupee turns more positive as India remains attractive bet for investors

TechnologyDigital Common Services Centres bridging urban-rural divide through tech: Centre

TechnologyGene-editing therapy shows promise against advanced colorectal cancer